The $40 million development is the single largest investment by the Bosch Group in Australia since the company established its wholly owned subsidiary in 1954.

“Bosch’s commitment to this project represents a great vote of confidence in the underlying strength of Victoria’s economic fundamentals,” said Ms D’Ambrosio.

“It is a special day for us,” said Gavin Smith, Bosch President with responsibility for the region Oceania.

“The new facility is evidence of Bosch’s long-term commitment to diversified activities in this region including sales and distribution, high tech engineering, advanced manufacturing and further investment into exciting new fields.”

Peter Tyroller, member of the board of management of the Bosch Group responsible for Asia Pacific said: “Australia is an important location for the Bosch Group. We have seen a positive development of our business in 2015 and we are confident of the market’s long-term prospects.”

In addition to the new headquarters, Bosch is making a significant investment in manufacturing for the global automotive sector.

The Clayton facility will see a further $6.2 million invested to increase Diodes production capacity to support growth with international customers.

The Federal Government has contributed $1 million from the Automotive Diversification Programme (ADP).

Bosch in Australia has a strong engineering competence and the automotive electronics engineering facility on the Clayton site is concurrently being upgraded.

This will support about 200 engineers predominately working on projects for international automotive customers.

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